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ETH could we see a new push lower? Hi, traders and TradingView community. Our focus today is on ETH as crypto prices continue to struggle for buyer demand. We have been watching ETH on the daily chart as price continues to hold on at short-term support. 1550 is the level we will be watching today, and if it's broken, this could set off a new leg lower, but sellers need to break this level to get a run going. If buyers can continue to defend this, it could produce a new push higher, but a fair bit needs to be a bit done to start showing a reversal. Both moving averages are pointing down, and we see the CCI trying to move back into the oversold area. What’s missing is a firm confirmation from sellers with a break of 1550. Will we see it today? Good trading.
EIGHTCAP:ETHUSD
by Eightcap
4
Potential ABC correction on Bitcoin for a 2This is just being shared as an idea to my other post after mentioning that at least a local top was in a few days ago. Considering a bullish ABC retracement idea. I presently have an RSI alert set to watch when the DAILY tf pivot low is taken on bitcoin. If that pivot is taken, I will be watching the 4 hour RSI for bull divs to potentially confirm that the move might be coming to an end and then would be much more "bullish". Trade safe friends! if you have found this helpful, please give a like to the idea and a follow!
Short
by HankHill_1
1
Bitcoin Price Breakout Potential: BTC to $27K-$28K Range?Deal on the Breakout Initially, a move towards $20000 was considered for the Bitcoin price. However, now that all altcoins are rising and we have a breakout of two red candles on the daily chart, it can be assumed that the market may theoretically push upwards and on short positions liquidation, traders may drive the price towards $27000-$28000. Remember, this is not financial advice. #Bitcoin #cryptocurrency #trading 💹📈💰
Long
by UnknownUnicorn285026
ETH and BTC Corrections May be Over...or very close to itJust an update. I have been charting ETH more as the count is more clean and appears to be more leading. I have this now where this impulse move was over several days ago and we are in the midst of a potential MTF(2/4HR) Wave 3 to the downside. Be careful out there. For what it is worth, there is potential that this could be the beginning of an ABC correction of a Wave 1 for both which would be bullish in the long term. Will only know as we approach those levels.
Short
by HankHill_1
1
What's next for CARDANO?Hello to all traders! Today are we going to take a look at Cardano from a short/midt-term position. As we have seen, Cardano had a great start to the year with a 70% thus far. What naturally follows is a healthy correction. From what I can see, it's a lot of selling pressure at the 0,4-0,42 area making it a strong resistance line to break through as of right now. It has retested 0,4-0,41 multiple times but never enough to break through. At this moment on the 1 hour timeframe we can see that it is on the 50 mark on the RSI, making it vulnerable to a lot of volatility. If it doesn't break past the 0,42 area, then we might have to look for a short position back down to 0,38-0,37. If you look at the MACD indicator we can see that it doesn't look like it has enough volume or momentum to break through the specified areas mentioned earlier. For a more short term strategy, we can see that on the 5 minute time frame that Cardano is looking strong, if it breaks past 0,4090 then I would begin to look for a long position with the first TP at around this month´s high at around 0,4180, and then shorting back down. At this moment Cardanois forming a descending channel pattern, that could very well be an indicator towards a short position. I definitely think that Cardano is going to make some big legs these next weeks/months but not without some corrections along the way, as we can see from this month. Enjoyed the analysis? Like! Want to see more? Follow! Let me know what you guys think! Let me know in the comments! - The Stallion REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
by TheStallion_
AUDIO : THE DCA CYCLE COIN THAT ARE ABLE TO RUN $2 USDwe made since today a new study on the DCA coins that have a cycle with the possibility to increase the coming time for the year 2023. We found out that AUDIO has a high chance to increase to targets of $0,66 and in a better trend way to a high target of $2 USD. This coin shows a pattern of increase depending on the study, further it shows a DCA trend that could bring this coin into new breakouts. We will follow this coin and see how far it can go. For the short term, AUDIO is at a point where it can break out to $0,31 into short term. This update is a view for 2023 The market can go up and down, but it's about the general view, and that is that this coin has a high chance of breakout in the coming time. a real cycle coin comes always with a strong increase back also when it breakdown with the main market.
Long
by Goldenbreakout
4